Blockchain technology has shaken up the financial world by providing a system for transactions that does not need a central authority, bank or third party payment system.This very reason has made many traditional financial institutions unsupportive of the new technology, as over time it could make their systems obsolete. Enter Mastercard, the global banking card […]

Adoption

The National Aeronautics and Space Administration (NASA) has awarded a new grant that supports the development of an autonomous spacecraft that could make decisions using Blockchain technology without human intervention, news outlet Space.com reported April 18. Jin Wei Kocsis, an assistant professor of electrical and computer engineering at the University of Akron, Ohio, received a […]

Adoption

Indian banking giant ICICI Bank has consigned more than 250 corporates to its Blockchain platform for domestic and international trade finance transactions, according to a press release published April 17. ICICI Bank started exploring Blockchain opportunities for their business in 2016. In June of that year, the bank created the position of Chief Technology and […]

Adoption

Marsh, a global insurance brokerage and risk management firm, announced the first commercial Blockchain solution for proof of insurance, Business Wire reported April 16. With this application of Blockchain technology, Marsh aims to transfigure the certificate of insurance process “from complicated and manual to streamlined and transparent”. This will reportedly allow customers to improve business […]

Adoption

International investment bank Barclays has been reviewing the possibility of opening a cryptocurrencies trading desk, sources familiar with the matter told Bloomberg April 16. According to the sources, Barclays has only conducted a preliminary assessment of whether client interest is sufficient. Sources told Bloomberg that they would rather remain anonymous, as the information has not […]

Adoption

Sowa Labs, a subsidiary of Germany’s second largest stock exchange Börse Stuttgart, will release a cryptocurrency trading app later this year, according to the app’s website. The app, called Bison, will be available in September and will initially support trading of Bitcoin (BTC), Ethereum (ETC), Litecoin (LTC), and XRP. The website states that more assets […]

Adoption

Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the ‘UAE Blockchain Strategy 2021’ with the goal of becoming a world leader in adopting technology, the Dubai Media Office reported April 11. During the launch of the ‘UAE Blockchain Strategy 2021’ His Highness Sheikh Mohammed bin […]

Adoption